Vanguard News
Grace Agada Creating Solid Wealth
On
One of the best things you can do in your financial life is to transfer your source of livelihood from active to passive income. Active income is any income that requires ongoing work and your physical presence to thrive. Passive income is income that can thrive without your physical presence at work on it.
These two sources of income are the two main ways people earn money in the world. However, active income is stronger than passive income because all wealth is created through active income. And passive income is safer than active income because all wealth is preserved through passive income.